Mortgages
Nationwide's share of UK mortgage market reaches record highNationwide announced a three per cent rise in profits to £210 million and a rise in its market share for the current account and mortgage markets. |
Mortgage lending in April at highest level for five yearsThe Council of Mortgage Lenders (CML) reports mortgage lending went up by 4.3 per cent in April compared to March and by 22 per cent compared to April 2012. |
London and the south-east drive up house pricesThe Office for National Statistics reports a 2.7 per cent rise in house prices driven by growth in London and the south-east. |
Average prices for UK homes reach new record high of £250,000According to property website Rightmove, asking prices for homes in the UK have reached £249,841 and over £500,000 in London, the best start to a year since 2004. |
Sir Mervyn King warns against "demonising" bankersThe Governor of the Bank of England, Sir Mervyn King has warned that the Help to Buy mortgage scheme unveiled by George Osborne in his budget must not become permanent. |
Bank of England lowers inflation and raises growth forecastThe Governor of the Bank of England, Sir Mervyn KLing presented his final quarterly inflation report today and was able to present lower inflation and higher GDP forecasts. |
Borrowers favour longer-term fixesNew research backs up Yorkshire Building Society's findings that fixed rate mortgages are becoming more popular |
Demand for new homes at highest level since 2009, says RICSThe Royal Institution of Chartered Surveyors reports rising demand for new homes and increased house prices from its surveyors helped by government initiatives such as Help to Buy and the FLS. |
CML reports first-time buyer floodgates opened in MarchThe Council of Mortgage Lenders reports that the number of first-time buyers entering the mortgage market went up by 20 per cent in March. |
Mortgage debt burden fell after financial crash, says ONSA new report by the Office for National Statistics shows that people's mortgage debt burden dropped after the financial crash due to the Bank of Eng;and's policy on interest rates. |
Clydesdale and Yorkshire Banks bring in lower rate mortgagesBanks try to make things easier for first-time buyers |
Santander launches zero-fee mortgage rangeSantander's zero-fee mortgage range could please newcomers to the market |
Coventry Building Society introduces mortgage rate cutsCoventry Building Society has unveiled a selection of reduced mortgage rates |
CML: Repossessions stable in Q1 helped by low mortgage ratesThe Council of Mortgage Lenders (CML) reports that home repossessions rose slightly in line with seasonal trends in the first quarter of 2013. |
FCA warns on interest-only mortgage "ticking timebomb"New research from the Financial Conduct Authority has found that 37 per cent of people with an interest-only mortgage believe they have a shortfall in repaying the capital. |
Halifax reports UK house prices up to 3-year highThe latest data from the Halifax shows that prices went up by 1.1 per cent in April but transaction levels are still low compared to historical norms. |
Help to Buy is "reckless" and will damage UK, says new reportA new report into the 'Help to Buy' scheme announced in the budget says it risks damaging the UK by stoking a new housing bubble and potential crash. |
New home building up in Q1 as registrations rise by 22%In a further indication that the UK property market is growing, new build home registrations rose in every region in England, though they fell in Scotland and Northern Ireland. |
Mortgage best-buys: The top deals for first-time buyers2013 has brought with it renewed hope for first-time buyers thanks to the Funding for Lending Scheme. We round up the best deals for all types of FTB mortgages. |
Leeds BS cuts rate by 0.50% on LAMS first-time buyer mortgageThe Leeds Building Society has announced that it has cut the rate on its Local Authority Mortgage Scheme mortgage by 0.50 per cent to 4.99 per cent. |
Nationwide: "Momentum" in housing market despite drop in pricesNationwide reports that house prices fell by 0.1 per cent in April but in a sign of the impact of the Funding for Lending Scheme, first-time buyers form the largest proportion of buyers since records began in 2005. |
Halifax to cover stamp duty for first-time buyersHalifax has announced it will pay the stamp duty on first-time buyer mortgages up to a purchase price of £250,000 until July 7th 2013. |
Mortgage approvals jump in March as FLS boosts supply of creditThe Bank of England reports that mortgage approvals rose in March but there was a small decline in lending to small businesses. |
Land Registry reports regional differences in house price riseThe Land Registry reports that house prices in England and Wales went up by 0.1 per cent in March to an average of £161,793 with wide regional variations. |
Accord cut rates on fixed mortgage optionsAccord Mortgages has announced that rates on its two and three-year fixed rate mortgage options are to be cut by up to 0.20 per cent for 75 per cent LTV borrowers. |
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